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advantage of a vacation to contact three systems in paris, and speak to representative who knew about those three systems. we then confirmd that interview in a phone call with some emails. >> great. >> so let's have jack come up because he can talk to you about the story of our interviews, why we conducted them and some of the information we got from those interviews. >> thank you. and as sharon mentioned when we do our interviews we have two people present and make records of them, so in doing so to continue we spent ten months of our subsequent investigations investigating the muni. during this time muni management continued to insist that using switchbacks as a traffic smoothing tool was good for the majority passengers, yet digging deeper the civil grand jury discovered in fact that the muni had no evidence one way or another about the use or abuse of switchbacks. this was because as many managers repeatedly told us switch backs are commonly and frequently used in other transportation systems around the world. according to one manager" they're part of transportation 101 and a bas
regularly in london and paris. i am very happy to see that they are having this enthusiasm and interest in modernizing business, modernize and design. >> the lifestyle you are promoting is only available to a small group of very rich people. does that concern you? >> i am always ask, what do you think about promoting luxury in this expensive lifestyle? i always say that you can be stylish without buying expensive things. style is an identity on how you see yourself. in china, the model is very different. young girls today will probably be totally transformed in a month, because it is a sharply changing society. from my perspective, i do not give up on anyone. >> unusually for a publishing venture, they made a profit in the first year. there is no question that there is an appetite for the lifestyle it promotes. the challenge now is to nurture the creative talent within the country to satisfy that demand. >> that is it from beijing for now. i will be back at the same time tomorrow. of course, there is plenty of analysis on line about the once in a generation handover of power year. just
israel and the security council. >> you're in paris right now. what do you see the world reaction continuing to be? you talk about these missiles from iran. at what point does everyone gang up on israel? >> i think we're getting close to that point. in europe, if you also to the brock broadcasters, they see no difference between the terrorist use of missiles by hamas aimed at civilians and israel exercising a right of self-defense on the other. it's one side attacks then the other side responds with no differentiation. hamas has a advantage. israelis would like to get this resolved without going after the sources of the rockets, those that are are launched from the gaza strip, those that are manufactured in the gaza strip but they may have no alternative. if the united states were rocketed by a hostile power, i don't think we would let our civilian population live under those circumstances. we would retaliate, which is exactly what the israelis are doing. >> you talk about the sources of the weapons, the missiles come from iran, they're manufactured in iran, they have a 47-mile ra
. >> they have hip hop in paris, just so you know. >> but it's in french, yes, but it's a different kind of music. >> it sounds like it would be a stronger business plan if you honed in on that audience and that demographic group and see what they want, how many nights are you going to be able to get that crowd out versus a variety of facts. >> the scariest thing about this business is you invest all this money, you open up the business, you do the best you can, you comply with all the regulations and all of a sudden you're not making the rent and that's very scary, or you're not able to pay your staff because you didn't pull in enough money and then you fall off the proverbial cliff and start doing things that end up creating a problem venue. >> [inaudible]. >> well, i don't condemn any musical style, but i will tell you that i think when i said you need a plan b, you really flexed -- need to hone your marketing plan, if this doesn't work, how easily can i flip to that, how much of my income will be the food, the cocktails, the admission, you have so work with it. >> i appreciate that and we ha
will be flown to labs in paris, geneva, and moscow for testing. >> palestinian officials say they would petition the international criminal court if the investigation in the yielded prove that arafat was poisoned -- yielded proof that arafat was poisoned. >> after the sample was taken, the tomb was resealed. palestinian officials paid respects while an honor guard stood outside the mausoleum. a panel of experts at about their work behind blue drapes, taking tissue samples from the body of the former palestinian president, who died eight years ago in paris. his death has been the subject of rumors and conspiracy theories ever since. over the summer, his widow had his clothing examine, revealing traces of highly poisonous polonium 210. she filed charges for murder. most palestinians take it as a given that israel is responsible. for them, the only question is which poison was used. >> i am sending a question to all the world to help us determine the truth in the killing of yasir arafat. i hope that exhuming yasser arafat's body today will reveal the truth, and we will know the circumstances of the
a look at the major benchmarks in europe. london's ftse 100 is down by 1%. in paris the cac 40 is down by .30%. that's all now in business news. i'll leave you now with a recap of market figures. >>> clear skies in tokyo but rough weather up north. rachel ferguson has more. rachel. >> hi. we've been following a storm moving through western and northern japan. we've been seeing heavy rainfall. we could get another 80 to 100 millimeters of rain in the next 24 hours. some strong winds with that too. gusts of 90 kilometers an hour have been recorded. there was even a tornado in wakaima. we don't see them so frequently in japan, but they're certainly not completely out of the question when we have a storm like this. there's one that came down over water. quite a tight funnel cloud earlier on in the day. so these kinds of conditions are going to persist on into thursday and it should start to clear up a little bit after that. meanwhile, the continent is looking very dry. that's also going to change. we have a rain event starting to develop in central china and it will move up to the northeas
almost 0.5%, and the cac 40 in paris declining by 0.5%. meanwhile, share prices across the asian europe was lower everywhere but japan because of the expectations to reach an agreement before the fiscal cliff fades. the kospi shed 1.2%. chinese stocks extended losses after the closely watched announcement of the new leadership in the country. the shanghai composite fell 1.2%. hong kong's hang seng slipped 1.5%. let's take a look at currencies. the yen fell to its lowest level in more than six months against the dollar. the dollar/yen 81.14-18. investors feel japan's general election next month may bring in a government that will carry out more monetary easing. the euro is recovering to the 103-yen level, now at 103.58 to 61. >>> representatives from japan's farming sector rallied in tokyo. they're urging the government not to take part in talks on a free trade deal under the trans-pacific partnership. japan has been in talks with countries involved in the u.s.-led trade negotiations. about 1,500 people gathered at the rally sponsored by the central union of agricultural cooperatives. >>
close to the land and its people. but as a young man in paris, he joined th friends like max ernst and jean arp in the emerging surrealist movement of the 1920s. in his painting "the farm," miro's characteristic symbols and themes began to appear: serpentine shapes, checkerboard patterns, infinite space represented by the moon or a star. in 1922, he painted "the farmer's wife," the ancestress of countless female symbols that also became a continuing motif in miro's art. in 1924, his art broke free of gravitational constraints in the surrealistic world of "harlequin's carnival." over the years, he developed his own personal symbolism, and in the 1950s, the scale of his art grew with such works as a mural at harrd university and "the wall ofhe sun" for unesco in pas. as his work grew in size, miro continued what he termed "a process of simplification." he stated, "little by little, i have managed to reach a point at which i use no more than a small number of forms and colors." this process found a culminating expression in his eightoot-high painting "femme," miro entered the project
of the samples. it will take them several months to release results. arafat died in 2004 in paris. a documentary by the tv network al jazeera prompted investigators to reopen his case. it said traces of highly toxic radioactive material had been detected on his clothing and other perm belongings. some palestinians believe israel assassinated the late leader. israeli officials deny the claim. >>> analysts at an american satellite imagery firm are raising red flags about a new picture they've taken of north korea. they say the recent photo of a recent facility shows increased activity, and they warn north korean authorities could be preparing for another launch similar to the one that happened last april. digitalglobe released the image of the facility in tongchang-ri in the country's northwest. photo was taken on november 23rd. it shows a new tent, trucks, and many fuel tanks. digitalglobe analysts say north korean authorities could carry out a missile launch in the next three weeks. earlier, u.s. satellite images of the facility showed what are believed to be parts of a long-range ballistic miss
talked about in paris. to send slaves into the louisiana territory to sign contracts with planters who will take them for a year or two and train them and then give them their own plot of land and then we will free them. he specifically referred to revising the plan that they discussed in paris. that is this plan. >> i mean this plan, you are talking about sending slaves to louisiana while the french still own it? this is 1789. >> no, no. >> this letter from 1789 can be about the louisiana purchase. >> what i meant was when jefferson was in paris and when he had discussed this the plan with edward bancroft he not only discussed it with william short but he discussed it with thomas paine because when the hour of decision came again about whether he would permit slavery and louisiana thomas paine reminded the president of what he had proposed in france, namely the bancroft letter to bring slaves and for a short amount of time, teach them proper modes of agriculture and then set them free. >> okay. >> it's very clear from the pain letter and i don't see jefferson encouraging the mingling
in paris. send slaves to the louisiana territory to sign contractors with planters who will take them for a year or two and train them and then give them their own plots of land and free them. and he specifically referred to reviving the plan that we doesed in paris. >> yes. >> but that's the plan. >> well, i don't, i mean, this plan you're talking about sending slaves to louisiana while the french own it? >> no. this is the 1789. it. >> we bought it. >> you food note from 1789. it can't be about the l.a. purchase. >> why meant was jefferson was in paris and discussed the plan with edward, he not only discussed it with william short but with thomas paine. when the hour of decision came again about whether we would have slavery in louisiana, pane reminded the president of what he had proposed in france namely -- the bran kroft letter. to put -- to bring slaves in for a short amount of time to teach them, you know, proper agricultural and set them free. >> okay. i . >> [inaudible conversations] what jefferson is talking about. i don't see jefferson encouraging the mingling of german and
degrees in london, we're seeing 10 in paris, around 10 in berlin as well as vie yaen that, through to kiev, 6 degrees, 6 in warsaw, and also down towards the south, we're managing to stay in the 20s in rome as well as athens. i'll leave you now to your extended forecast. ♪ >>> oyster growers in mia ga prefecture, northeastern japan, are back in business. they've made their first regular shipment since last year's tsunami devastated their industry. the region is famous for its abundant seafood. the district in higashi is known for its large oysters. about 30 workers were busy shucking oysters at a facility on monday. last year's tsunami swept away most of the local farmers' rafts, seriously depleting the supply. growers were able to resume regular farming this season, but their output is about 40% of predisaster levels. >> reporter: we are proud of the oysters. i promise we'll be able to ship full-grown ones next year. >> the farmers say their oysters grew slower than usual due to the hot, dry summer. >>> we'll be back with more updates in 30 minutes. i'm gene otani in tokyo.
mark in london as well as in paris. 8, in fact on thursday. out towards the east, moscow hitting 4 degrees on thursday. and then down across the south, of course, a little bit warmer 18 in athens as well as madrid. up to 20 in rome. and in lisbon. here now is your extended forecast. >>> we'll be back with more updates in 30 minutes. i'm gene otani in tokyo.
my paris has so f ignored the protests from other european countries. another is that the vast majority of foie gras is consumed in france itself. >> even when there are bands, like in california, or even if it were banned in germany, it would have little influence on our sector. foie gras is different product through and through. it is part of every festive meal. >> foie gras is a culturaicon. for one of our reporter, banning it would be a declaration of war on france. >> people here would turn away from europe even more. they have voted massively against the eu treaties, and that would really put them in opposition. a writer from the area has written a science-fiction novel in which dictators forbid all kinds of things, including foie gras. people then sell them on the blk mket, le they d duri the occupation. >> the 95-year-old grandmother remembers those days. she says the expensive delicacy foie gras used to be eaten almost daily. >> we have always done the forced feeding. at least as far back as the 17th century. so what is the problem? it is better if the geese are fatter
are going to remain on the cool side here. single digits in the east. london and paris both getting up to 12 and 11. now let's take a look at your extended forecast. >>> we'll be back with more updates in 30 minutes. i'm gene otani in tokyo.
. london, we're looking only at 6 degrees for your high. paris at 7 degrees. we actually have yellow alert for ice in much of the uk widely posted across the region. madrid only looking at 8 degrees. in fact, we saw snow in spain yesterday. now, let's move over to the asian continent. you can see another rain cloud forming over northern japan. badly hit again as we speak this morning we're looking at this low pressure system over north of hokkaido with this sagging cold front passing through the region leaving behind the wintry pressure pattern that is strengthening. so gusts of 100 kilometers per hour are likely in the next 24 hours which will be picking up those waves as much as five meters high. also snow. we already have a report about 70 centimeters in aomori prefecture. which is in the western flank of northern japan. ongoing snow conditions could trigger avalanche. and blizzard conditions in hokkaido. this is still on tap for you this morning. things will be tapering off, but a very short break due to this other system moving in from southern japan. and will be creating some wet and
close to the land and its people. but as a young man in paris, he joined with friends like max ernst and jean arp in the emeing surrealist movement of the 1920s. in his painting "the farm," miro's characteristic symbols and themes began to appear: serpenne shapes, checkeoard patterns, finite space represented by the moon or a star. in 1922, he painted "the farmer's wife," the ancestress of countless female symbols that also became a continuing motif in miro's art. in 1924, his art broke free of gravitational constraints in theurrealtic world of "harleqn's carnival." over the years, he developed his own personal symbolism, and in the 1950s, the scal his art grew with such works as a mural at harvard university and "the wall ofhe sun" for unesco in pas. as his work grew in size, miro continued what he termed "a process of simplification." he stated, "little by little, i have managed to reach a point at which i use no more than a small number of forms and colors." this process found a culminating expression the maquette for the tial gallery's tapestry. miro entered the project with much
. the court had earlier blamed continental for a piece of metal that fell on to the paris airport runway. >> in iraq, at least 38 people have been killed and more than 100 injured after a series of bombings in the south of the country. the attacks targeted she of pilgrims as well as local security forces. >> a moscow court has been video showing punk band pussy riot protesting -- banned video for being insulting to orthodox members. two members are serving sentences for hooliganism in the church. >> trial for the former yugoslavia has acquitted the former yugoslavian prime minister in a trial for crimes against humanity. the court said there was no evidence to support accusations. serbs have been protesting along their countries' border in response to that judgment. now to a breakthrough in technology that could help millions of people who depend on hearing aids in their everyday lives. >> if you are one of them, you will know that hearing aids are not much at helping pick out a single voice in a busy room. >> that's true. now scientists say they have found the answer, and they have one
by almost half of 1%. frankfurt, the dax down by a percent. the cac 40 in paris declining by about .25%. earlier in the day most asian stocks meanwhile closed lower. in tokyo the nikkei average ended a three-week low falling nearly 1%. australian shares shed about a half percent. in main land china, the shanghai edged down 0.1%. the downside was supported by the news on china's relatively stable cpi. the yen is trading higher against the dollar and the euro due to concerns about u.s. budget issues and uncertainties over fresh assistance for greece. the dollar now changing hands at 79.23 to 25 yen. the euro currently at 1.27 to 75 yen. >>> china's industrial productions in sales picked up in october. the latest data shows the country's economy has started getting traction again. china's national bureau of statistics says industrial out put climbed over 9% from a year earlier. it was the second straight month of gainless. the pace of growth was 0.4% faster than in september. meanwhile retail sales were up more than 14%. the increase was 0.3% more than in the previous month. earlier in th
's shares down by almost 0.7%. frankfurt the dax declining by 0.6%. in paris the cac 40 declining by 0.4%. moving on to currencies the dollar is little changed against the yen after japan's lower house was dissolved in the afternoon. the euro is fluctuating in a narrow range currently quoted at 103.32-36. >>> the new leaders of china were announced on thursday. on where the chinese economy will go from here we spoke to steven wong, an associate professor at the university of hong kong. >> i don't think there is a dramatic difference between the two in terms of economic policy. the goal is to try to achieve a reasonable economic growth as well as to balance the need of structural reform. currently the growth is moderate so i would expect the government would continue the economic reform on a very cautious manner. >> reporter: at the most recent communist party conference economic goals were set. they were a doubling in the country's gdp and average income by 2020. steven wong says it is likely to be achieved with the consecutive growth of 7% per year but the quality is important. >> bal
by .5%. the dax is up by .55%. in paris, the cac 40 is up by about .7%. meanwhile asian stocks are mixed on tuesday. in in tokyo the nikkei average closed below the key 9,000 level for the first time in three trading days ending at 8,975, down about .4%. australia's s&p asx 200 rose a quarter percent after the central bank kept its interest rates unchanged at 3.25%. the shanghai composite index extended losses for the second day to close at 2,106, down about .4%. >>> taking a look at the four x market, the yen is giving up earlier gains ahead of the u.s. election. after trading lower, 102 yen levels. >>> japan has decided to ease restrictions on beef imports from the united states. the government has made the decision after a panel of experts reported that the step will post no safety risk. u.s. beef imports will start to increase from as early as the beginning of next year. >>> japan's health ministry decided to allow imports of beef from cattle 30 months or younger. that is on condition that the brain and spinal cord continue to be removed. these are parts where the pathogen of mad cow
paris. the eiffel tower. it didn't cost me a dime. >> hemming way walked on these stairs, and so did i for free. here is my wife brenda in a bakery. it was free. the city looks wonderful, doesn't it? let me tell you, it looks better when you are here and it isn't costing you anything. so how did i pull all of this off? well let me show you. this time it doesn't come down to dollars and cents. it comes down to miles and points. my flights were paid for with frequent flier miles i gathered by flying american and using this credit card. this british airways card gave me 100,000 miles just for signing up. brenda signed up too. that's how we were able to stay in this five-star hotel along with a three-star place for a couple of days. sidewalk cafes are great. she was paid with the proceeds from this aarp card. the card gave me 5% back on every purchase we made for six months. and then brenda got a card and we did it again for another six months. three cards, two years of planning and one nice trip. >> it is really just about being savy and maximizing every single dollar you have. you don't
walking through paris. the eiffel tower. it didn't cost me a dime. >> hemming way walked on these stairs, and so did i for free. here is my wife brenda in a bakery. it was free. the city looks wonderful, doesn't it? let me tell you, it looks better when you are here and it isn't costing you anything. so how didll all pull all of ths off? well let me show you. this time it doesn't come down to dollars and cents. it comes down to miles and points. my flights were paid for with frequent flier miles i gathered by flying american and using this credit card. this british airways card gave me 100,000 miles just for signing up. brenda signed up too. that's how we were able to stay in this five-star hotel along with a three-star place for a couple of days. sidewalk cafes are great. she was paid with the proceeds from this aarp card. the card gave me 5% back on every purchase we made for six months. and then brenda got a card and we did it again for another six months. three cards, two years of planning and one nice trip. >> it is really just about being savy and maximizing every single dollar you
needs help and negotiation. >> with all the focus internationally -- you're joining us from paris today. what important policy issues is its crowding out? where should our focus be at the moment? >> well, of course it's crowding out the issue of how we deal with our friends in europe who are suffering terrible economic pressure. europe is in a drought of no growth, of high unemployment and of real concern about what they do about the eurozone, whether the eurozone itself will continue to hold together and be the right solution. this is an issue -- >> i was just going to say what is america's role here? why is this issue, what's happening in europe, something that should be more significant overseas? >> we're major trading partners with each other. europe is a source of american culture. source of america's most faithful allies. we cannot turn our back on europe and i don't think president obama has any attention of doing so. >> ron freeman, thank you very much for your time this morning. >> thank you, kelly. >>> plenty to get through. if you have any thoughts, you can e-mail us. as far
of concern about europe, our bookings at disney land paris are quite solid. that could be a result of a 20th anniversary celebration there that's really working. but i'd say as we look at our theme park sector, in part because of some of the investments we've made as well. notably california adventure here at disney land in california. we feel good about what we're seeing. there's demand for that product. it's showing up in our pricing and showing up in our advanced bookings. >> how are the advanced bookings looking for the holiday season? >> advanced bookings for the holiday season are looking good. there's a quirk in the calendar. christmas falls on a tuesday. so some of our peak season will also fall into our next quarter because of how the quarter breaks. our bookings for the christmas period overall, which include some spillover into the next quarter, we feel very good about. that's certainly true in california. it's true in florida. it's true in paris. >> bob, the last time we talked, you seemed passionate about the need to fix our debt as a country. i wonder what your take is on presi
in paris. but that's the plan. >> this plan talking about sending them to louisiana. >> nope, nope. >> this is 1789. >> the letter is from 1789 so it can't be about the louisiana purchase. >> what i meant is that when jefferson was in paris, and when he had discussed the plan with edward ban craft, not only discussed it with short but with thomas kane and when the outdoor of the decision came about whether we had slavery in louisiana, thomas kane reminded the president what proposed from france mainly that outlined in the bancroft letter to bring slaves in for a short amount of time to teach them, you know, the proper mode. >> i don't see jefferson in determining. >> it says right here i will settle them in the 50 acres each intermingled and place them on the flooding. >> he says their children shall be brought up in the property and make no doubt they will be good citizens. so it's the french and the germans. >> we can argue this later. the intercede in our mixed up. >> you draw the comparison with george washington. washington of course free is the slaves. >> ten years of trying.
thoughts and how you found the paris peace conference was specifically causing -- the 20th century and number two, why did you choose the -- on the cover of your book? >> number one perhaps next to the new deal the first high conference was one of the worst things of the 20th century and gives us an essence world war ii. it not only is bad from the standpoint of destroying national entities by moving people around and putting us in a situation where there is going to be inevitable conflict. that is one of the things it does. it destroys the very concept of collective security is obviously the league of nations is a monstrous failure. in terms of the flagraising on sarah bocce, it just seems very symbolic that is the flag goes up americans are rising to the point of promise. sempre fi. >> thank you, larry. [applause] and is noted we do have copies available. larry will be glad to sign them. we have an additional conversation on the panel table as well. we thank you all for your kind attention and hope to see you again soon in the future. we are dismissed. ..
at the olympic council. number one, your thoughts on how profound the paris peace conference was, specifically carving up the rest of the 20th century. and number two, why did you choose the flag raising -- [inaudible] >> number one, perhaps next to the new deal the for psycho but this one of the worst things of the 20th century. it not only is back from the standpoint of destroying national entities by moving people around and putting them in a situation where there's going to be inevitable conflict. that is one of the things it does. it destroys the very concept of collect security because obviously league of nations is a demonstrative failure. in terms of the flag raising on sir bocce, it just seemed very symbolic that the flag is set america's startup of this racing. semper fi. >> any other questions? thank you, larry. >> thank you. [applause] >> and most notably do have copies available. larry will be glad to sign them, have additional conversation on the panel table appears well. we thank you for your kind attention and hope you see you in the future. >> for more information, visit the a
much of europe, moscow only 2 for your high. london and paris, both at a pair of 11s in the middle of your week. now here's a look at your extended forecast. ♪ >>> we'll be back with more updates in 30 minutes. i'm gene otani in tokyo. from all of us here at nhk world, thanks for joining us.
would never forget. i shipped off to paris island and this is where i would spend my eighteenth birthday. happy birthday. it is not as bad as the next we birthdays because my nineteenth birthday i was in sniper school, my 22 birthday i was in mountain training in bridgecourt, i have a lot of good birthdays. in paris island, shipped to north carolina infantry training and after that went to hawaii where i was stationed the next three years and this is where i attended sniper school. after attending sniper school i shipped to iraq and in iraq i didn't get to complete my floor because i was bitten on my right hand by vicious enemy spider and suffered severe nerve damage but i will let everyone in the room know that the enemy will stop at nothing. they even train spiders. i turned back home for two years of dismal training and working up to get my hands back and this is why i became a sniper team leader under 500 marines and we were training to go back to iraq. we need five volunteers to go to afghanistan. i said what is the mission? we don't know yet. we just need five volunteers right now.
of st. james. jefferson the american minister to paris. jefferson made a tremendous contribution. he sent to his friend madison over 200 bucks -- books on political thought, political history. my surmise is that some of those books must have been about the dutch federation. jefferson was not there. he did get his hands on a copy very quickly of the constitution. we e-mail the copy for him over in paris. he said, where is the bill of rights? the answer was, there is no bill of rights. every people on earth is untitled by nature -- entitled by nature to a constant -- to a bill of rights which protect them against their government. this foreshadowed a problem. george mason was one of the members of the virginia delegation. he had written the declaration of the rights for the state of virginia in 1776. it was a few months before jefferson wrote the declaration of independence. when the convention was over, mason, who was a member of the virginia delegation, was greeted would not sign the constitution. washington was -- was -- was a member of the virginia delegation, would not sign the co
. giving up some of these gains. ftse 100 up 0.4%. xetra dax half a percent. sp spain and paris in green. greek almost down 2% with greek bank stocks leading the way lower. dallas fisher said the u.s. central bank must set limits on its monetary policy. the hawkish fisher warned the size of the fed asset purchase program is abnormal saying he opposes an extension of operation twist. the latest s&p case shiller index due later today is expected to show continued improvement for home prices in 20 major u.s. cities. providing further evidence of a long term rebound for the sector or sdw does it. our next guest is eric glean, chief of u.s. rates research and strategy at td securities. paul dale is also still with us. eric, good morning. first to you. tell us why you're concerned the housing recovery might not be for real. >> well, we have seen fits and starts in this recovery. i do think it is for really. we won't be seeing an upward move, but there are encouraging signs. we're seeing home prices improve across most regions of the company. inventories on a monthly basis are half of what they
. >>> welcome to "worldwide exchange." you're seeing live shots from paris where mario draghi is speaking at a conference. let's listen in. >> certainly there has been recent progress in the convergence of relative costs and internal and external imbalance and i want to say a few words about this progress because we also miss to acknowledge the positive things that have happened in recent months. is this reflects stronger policy as well as structural reforms. trade balances havele also improv improved. in most cases this improvement has resulted from a combination of a relatively strong export growth particularly in spain and portugal, and very weak or negative import growth notably in greece. the contraction of domestic demand continues to play a role in this adjustment. part of this is cyclical. but it also reflects rebalance from previously unsustainable domestic demand growth. demand has to be contained and sbla h supply has to be increased. supply adjustment takes more time. there are also signs that competitiveness gains have contributed to recent improvements in current
of the world? i have a great global panel from singapore, the dean of the school of public policy, from paris, dominique moisi, one of france's great public intellectuals. in tel a viv, he's a senior correspondent and here in new york we have rula. >>> brill. she has both israeli and italian citizenship and she has lived and worked a as righter and journalist in both country. dominique, let me start with you. france had a great love affair with barack obama. has it continued? do the french -- are the french still overwhelmingly obama? >> definitely, but i think for different reasons. in 2008 the french would have voted for obama out of hope. in 2012, they would still vote in the huge majority for obama, but more out of fear of a romney victory and of a return of an america they used to dislike. >> republicans have vennially been quite popular. they've been regarded as pro-free trade, hard headed. if you thing of ronald reagan and george bush senior, clearly the elites preferred them. what's the mood right now among its elite? >> well, let me emphasize one point. both romney and obama will be
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